3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be strongly undervalued. ###PLOTLYGRAPH### The red lines in this …
Read ArticlePredicted price range for Newmont Mining Corp
Our trading algorithm values Newmont Mining Corp (NEM) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $40.74 |
| 60 Day Prediction | $41.25 |
| 60 Day Pred - Lower Bound | $35.57 |
| 60 Day Pred - Upper Bound | $46.9 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.015 * nr_days_in_the_future + 40.814
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
NEM traded at $40.74 this Saturday October 15th, loosing $-1.17 or -2.87 percent since last week.
Looking back, over the last month, NEM has been loosing $-2.06 or -5.06 percent.
Over the last year, it has been loosing $-16.42 or -40.3 percent.
Seasonality of Newmont Mining Corp
Using our AI model, we have been analyzing the value change for Newmont Mining Corp depending on the day or month of a year. This can be seen in the following graph:
